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| NF Daily Chart |
The uptrend is getting exhausted may be lack of buying potentials from buyers. Today the down leg may start and as per Evening Star NS may go down more. Today at the opening selling of all longs (if taken) are suggested.
This uptrend is resisted @50 SMA-4875 and 4882 which is 68% fibonacci retrace from 5099-4531.
Even daily stochastic is also showing Highly Overbought. 9-RSI is also near overbought status.
8-45 am IST Update
Infosys has beat the street expectations in terms of Net Profit and EPS. But as I told yesterday the USD guidance has more importance for the next quarter(Q4) and Infosys has disappointed. I think Infosys will be thumb down by street.
TT Data has been updated.
Before Trading please see the Golden Rules and TT Data
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